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Archive: (24 Stories)

Bernanke, in his own words, at 12 news conferences

12/19/2013 1:01am
It sounds pretty routine: A Washington official holds a news conference. But when Ben Bernanke decided in 2011 to start meeting with reporters four times a year on national television, it marked a radical departure.

SAS airline swings to Q4 profit in weak market

12/19/2013 1:48am
Scandinavian airline group SAS says it swung to a profit from a loss in the fourth quarter, but that tough competition and weak economic growth means it won't reach its financial targets in time.

Bayer set to acquire cancer specialist Algeta

12/19/2013 3:11am
Germany's Bayer AG is set to acquire cancer drug maker Algeta ASA after raising its offer for the Norwegian-based company to nearly $2.9 billion.

Daimler, Aston Martin in engine development deal

12/19/2013 5:46am
Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin.

Putin to pardon jailed tycoon Khodorkovsky

12/19/2013 7:47am
President Vladimir Putin said Thursday he will pardon jailed oil tycoon Mikhail Khodorkovsky, a surprise decision that will let his top foe and Russia's formerly richest man out of prison after more than a decade.

Honda tops insurance industry safety list

12/19/2013 7:55am
Honda Motor Co. has topped the insurance industry's annual list of the safest new vehicles.

Facebook to sell 70M shares, 41M of them from CEO

12/19/2013 9:43am
Facebook plans to offer 70 million shares of its Class A stock in a sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg, who also will buy Class B shares that carry more voting weight.

Direct Energy selling 3 Texas plants to Blackstone

12/19/2013 10:37am
Direct Energy has announced plans to sell its three natural gas-fired power plants in Texas to asset manager firm Blackstone in a $685 million cash deal.

Carnival posts small 4Q profit

12/19/2013 10:43am
Carnival Cruise Lines posted a small but surprising fourth-quarter profit as it began to win back passengers after a year when its ships were often seen in the news behind tow boats.

Protesters block traffic outside EU summit

12/19/2013 11:06am
Hundreds of protesters have blocked traffic around the site of a European Union summit to protest many of the policies the 28 leaders will discuss during their two-day meeting.

Christie's launches in India to tap growing wealth

12/19/2013 11:33am
Christie's held its first art auction in India on Thursday, aiming to tap into a budding market for prestige purchasing among the country's fast-growing ranks of millionaires despite an economic slowdown.

United limits unaccompanied minors to nonstops

12/19/2013 12:11pm
Hey, kids! United Airlines says children flying alone need to go nonstop or stay home.

Oil trains raise concerns in small towns, cities

12/19/2013 1:15pm
It's tough to miss the trains hauling crude oil out of the Northern Plains. They are growing more frequent by the day, mile-long processions of black tank cars that rumble through wheat fields and towns, along rivers and national parks.

Answers to questions about the Target data breach

12/19/2013 2:16pm
With less than a week until Christmas, a real-life Grinch has stolen the credit and debit card information of about 40 million Target shoppers.

How Fed's pullback of stimulus could affect you

12/19/2013 2:18pm
Consumers will likely pay more for home loans. Savers may earn a few more dollars on CDs and Treasurys. Banks could profit. Investors may get squeezed.

Darden looking to spin off or sell Red Lobster

12/19/2013 2:26pm
Darden Restaurants wants to set Red Lobster adrift.

Lew: Congress facing deadline to raise debt limit

12/19/2013 2:49pm
Treasury Secretary Jacob Lew is telling Congress that he will have only a few weeks after Feb. 7 to avoid an unprecedented default on the nation's debt. He says Congress should act quickly next year to raise the borrowing limit.

Mortgage manager in $2B deal over loan abuses

12/19/2013 2:52pm
Ocwen Financial Corp. will reduce struggling borrowers' loan balances by $2 billion in an agreement with federal regulators and 49 states over foreclosure abuses.

Investors are giving some stock pickers a chance

12/19/2013 3:02pm
Stock pickers are getting respect again. Well, some of them.

Bernanke's new formula for pleasing investors

12/19/2013 3:17pm
In his final performance, Ben Bernanke rewrote the script.

Nike fiscal 2nd-quarter profit jumps 40 percent

12/19/2013 3:40pm
Nike's fiscal second-quarter net income jumped 40 percent, helped by higher average selling prices and an increase in revenue around the world.

Vegan leather, faux fur are hot holiday gifts

12/19/2013 5:24pm
Finding a knockoff version of the fur you want under the Christmas tree would ordinarily be a disappointment.

Dealertrack to buy for about $1 billion

12/19/2013 5:34pm
Dealertrack Technologies Inc., which makes software used by auto dealerships, said Thursday that it is buying privately held in a cash and stock deal that could be worth nearly $1 billion.

Fury and frustration over Target data breach

12/19/2013 10:02pm
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.